Day: September 21, 2014

CAD/CHF Daily Channel Spans for 7 Months

An ultra-long ascending channel has got traders’ attention on daily CAD/CHF chart. The channel’s beginning is positioned near February 20. It makes the whole channel 7 months old as of today. There are multiple confirmation points for both upper and lower borders. This makes me believe in a strong significance of the detected pattern. The yellow borders seen on the image below mark the channel itself. Cyan line is my entry level […]